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In a filing to the bourse, the group said it expects to deliver the financial performance and distribution forecast as stated in the prospectus.

It has commenced utilising the Hougang Central Office to serve new housing estates in Sengkang and Punggol, and is continuing to expand its network in new housing estates, with the most recent being Tengah. The first batch of HDB homes in Tengah is expected to be launched in 2018. In total, an estimated 42,000 new residential homes are expected to be developed over the next two decades, said the group.

The group has also been working with the Requesting Licencees (RLs) to anticipate future demand in the Non-Residential and non-building address points (NBAP) segments, and to support the RLs' efforts to acquire new corporate and NBAP customers, the company said.